Gold and Silver Prices Today: Gold and silver prices in India have once again moved upwards. On Friday, the bullion market witnessed huge volatility, where gold once again reached very close to the Rs 1 lakh mark. According to the official website of the India Bullion and Jewelers Association (IBJA), the price of 24-carat gold stood at ₹ 99,358 per 10 grams, while silver was recorded at ₹ 1,13,931 per kg.
These prices remained stable on both days due to the market being closed on Saturday and Sunday.
Latest prices according to the purity of gold
The difference in prices was also clearly visible in different categories of gold.
24 carat gold stood at ₹ 99,358 per 10 grams.
23-carat gold remained stable at ₹ 98,960 per 10 grams.
22 carat gold remained at ₹ 91,012 per 10 grams.
18 carat gold was recorded at ₹ 74,519 per 10 grams.
14-carat gold remained stable at ₹ 58,124 per 10 grams.
At the same time, silver (999 purity) remained at ₹ 1,13,906 per kg, which shows its strong position.
What is the situation in the cities of UP
Strength in gold prices was also seen in big cities of Uttar Pradesh like Lucknow, Noida, Ghaziabad, Meerut, Ayodhya, Varanasi, and Agra. Here 24 24-carat gold was seen trading at ₹ 97,810 per 10 grams, while 22-carat gold was available at ₹ 93,150 per tola. The wedding and festival season has further strengthened the demand in these cities.
Boom in the Jaipur bullion market
In the last few days, a significant increase in gold prices has been recorded in the bullion market of Jaipur. After a rise of ₹ 200 earlier, a jump of ₹ 300 was again seen on Friday. After this rise, the price of gold has reached ₹ 1,01,900 per 10 grams. This means that now gold is very close to crossing the Rs 1 lakh mark at the national level.
Why is the price of gold rising?
Experts believe that the reason for the current rise in gold is more international conditions than domestic demand. The dollar situation, crude oil prices, and global geopolitical tensions have attracted investors to gold as a safe instrument. According to analysts, if this pace continues, gold may touch a new record of ₹ 1 lakh per 10 grams in the coming days.
Silver also remains strong
Not only gold, but silver has also made a strong hold in the recent days. Silver crossing ₹ 1.13 lakh per kg has proved that, along with its industrial demand, investor interest is also increasing rapidly. Use in sectors like electronics and solar energy has given further strong support to silver.
Indications for buyers and investors
This increase is definitely going to increase the burden for families preparing for a wedding or festival. However, experts advise investors that gold and silver always prove to be a safe investment in the long run. Short-term traders must be cautious as volatility may increase further in the coming days.
What next?
India’s love for gold and silver has never diminished. Now that the price of gold in Jaipur has crossed the level of Rs 1 lakh, and this figure is close to the national level too, the big question is when will gold officially make a record of ₹ 1 lakh per 10 grams across the country? Both buyers and traders have their eyes set on this.